Frankston, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Frankston
VICCensus 2021 · Population 37,329
Frankston is a coastal suburb with a population of 37,329, characterized by a median age of 39. The suburb has a slightly higher female population at 51.2% compared to males at 48.8%. Families in Frankston are diverse, with 37.5% being couples without children and 35.5% being couples with children. Single-parent families make up 25.3% of the households. The suburb has a mix of housing types, with 73.4% separate houses, 20.3% townhouses, and 6.1% apartments. Homeownership is varied, with 25.7% owning outright and 32.6% with a mortgage, while 39.1% of the properties are rented.
Key Highlights
- High percentage of separate houses at 73.4%
- Significant number of professionals at 20%
- Diverse cultural background with 29.4% born overseas
- High percentage of single-person households at 33.9%
- 19.1% of residents work from home
Things to Consider
- Below average education levels with 18.6% holding a bachelor's degree
- Higher rental percentage at 39.1% compared to the state average
- Lower median household income at $1,387 per week
- Unemployment rate slightly above state average at 5.5%
- Lower percentage of residents with no health conditions at 52.5%
What's it like living here?
Daily life in Frankston involves a significant number of residents commuting by car, with 56.5% driving to work. Public transport usage is low at 3.1%, but 19.1% of the population works from home. The community has a mix of professionals, technicians, and trades workers, with the top occupations being professionals (20%) and technicians and trades workers (16.4%). The suburb has a strong sense of community with a variety of cultural backgrounds, as 29.4% of residents are born overseas.